Ginnie Mae executive vice president George Anderson said he wants to work in the private or public sector to help African countries develop secondary mortgage markets after he leaves the agency in June or July."There is growing interest in the Ginnie Mae model," Mr. Anderson said in an interview. He believes South Africa and neighboring Botswana have the infrastructure in place to create a secondary market. Mr. Anderson has worked at Department of Housing and Urban Development since he graduated from business school 33 years ago and he has served as EVP at Ginnie Mae for the past eight years. He said Ginnie Mae has a talented young staff that is ready to run the agency and Ginnie Mae is finally moving its offices out of the HUD building this summer. The new office will be two blocks away from HUD but it will have a corporate look. "I am leaving at a good time," he said.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
3h ago -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
3h ago -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
11h ago -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18